Word: usaid
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Dates: during 2000-2009
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Harvard itself was cleared of the fraud allegations but still faced damages for breaching its contract with the U.S. Agency for International Development (USAID). In the agreement signed Wednesday, the University did not admit any liability but agreed to pay the full $26.5 million by Saturday. A Harvard spokesman said it was the largest settlement the University has ever paid...
Harvard itself was cleared of the fraud allegations but still faced damages for breaching its contract with the U.S. Agency for International Development (USAID). In the agreement signed Wednesday, the University did not admit any liability but agreed to pay the full $26.5 million in the next three days...
...part of Wednesday's settlement, Shleifer and Hay agreed to a two-year disbarment by USAID, prohibiting them from participating in any of the agency’s programs. But neither Shleifer nor Hay acknowledged any wrongdoing...
...pleased that we were able to find a mutually acceptable resolution with the government, and look forward to continuing our long-standing collaboration with USAID and other government agencies on a broad range of important research and related activities,” said Robert W. Iuliano, Harvard’s general counsel, who signed the settlement agreement Wednesday...
...trial to determine the damages owed by Shleifer and the University won’t begin before next spring. From Harvard, the government is seeking the amount paid out by USAID since Shleifer’s first private investment in Russia in July 1994—$34.8 million. Shleifer, because he was found liable under the False Claims Act, could face triple those damages, for a total of roughly $104 million...